Keeping Ohio open for business

One of John Kasich's goals since being elected governor has been to find ways to create a more business-friendly climate for Ohio.

Kasich gave that cause another boost (this past) week with a plan to give existing companies a return on their investment while making the state more attractive to those looking to relocate here.

The plan involves the Bureau of Workers' Compensation, the state agency which provides insurance to about two-thirds of Ohio's public and private workforce....

But now that the bureau's net assets have grown to $8.3 billion, Kasich says it's time to return $1 billion to those who have been paying in. Rebate checks or credits could be sent to employers this summer if the proposal is approved by the bureau's board later this month.

While the size of the refunds would vary depending on the size of the company, the money could allow a business to hire employees or purchase new equipment or expand.

The bureau says it can afford the refunds because of good management and better-than-expected investment returns. Administrator Steve Buehrer said investment returns have averaged 11.4 percent over the last three years....

Other proposed changes should benefit employers in the future....

The agency has come a long way since the days of "Coingate" and Tom Noe, which led to a revamping of its investment practices.

The proposal shows the agency is on solid ground and that Beuhrer is doing his part to keep Ohio open for business.

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Keeping Ohio open for business

One of John Kasich's goals since being elected governor has been to find ways to create a more business-friendly climate for Ohio.